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Bitstamp Will Add Ether Trading to Cryptocurrency Exchange

European cryptocurrency exchange Bitstamp will launch new trading pairs for ether next week.

Beginning on August 17, Bitstamp will add markets denominated in US dollars, euros and bitcoin for the ethereum-based digital currency. As part of the release, Bitstamp also revealed a new pricing structure for its markets, which unifies the fees it assesses among the exchange’s trading pairs.

In an effort to promote the new markets, Bitstamp will waive trading fees for those pairs until October 1. It will continue to offer discounts through the end of the year.

Bitstamp is one of the last major cryptocurrency exchanges to list ether. In statements, the exchange indicated that it will add support for additional assets, framing the unified fee structure release as part of that process.

Founded in 2011, Bitstamp is one of the world’s oldest bitcoin exchanges. According to data from CoinMarketCap, Bitstamp operates the third most voluminous exchange in US dollar terms, reporting about $43 million in trades over the past 24 hours.

The addition of ether comes amid new developments in that digital asset’s market. As CoinDesk reported yesterday, ether prices crossed the $300 line for the first time in a month.

Ether markets have subsided somewhat since then, trading at roughly $294 at press time.

Image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].

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